Post Utme Pan Atlantic University 2023 Economics Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2023 Economics Objective / Multiple Choice
Question 34 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP at market price is ₦100 billion. The government imposes a 10% value-added tax (VAT) on all goods and services. What is the country's GDP at factor \cost?

Answer Options

Correct Answer A. ₦90 billion
B. ₦95 billion
C. ₦100 billion
D. ₦105 billion
Correct Answer
A
Correct Option:
₦90 billion

About This Question

This is Post Utme Pan Atlantic University 2023 Economics Question 34. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Economics examination.

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